Jensen: AI, rates, spending - Our latest takes

You are receiving this email as a registered member of Morningstar.com and have asked to receive features, products and services from third party companies. This is a paid advertisement from the sponsor. Email not displaying correctly? [View it in your browser](. The Summit Series September 2024 At Jensen, we believe in the power of patient, long-term investing guided by thorough research and analysis. In our latest Summit Series, Allen, Tyra and Jannis explore several key factors that may influence the investment landscape over the coming years. Our experienced investment professionals share their perspective on potential interest rate impacts, evolving consumer behaviors and the measured adoption of AI in business. While we don't claim to predict the future, we aim to provide thoughtful insights that may help investors better understand the complex dynamics shaping today's markets. Whether considering the long-term implications of monetary policy on various sectors, examining the sustainability of consumer spending trends, or evaluating the realistic applications of AI in investing, we approach each topic with the same diligence and long-term focus that defines our investment philosophy. We invite you to listen to Jensen's new Summit Series recording to learn more about these topics and consider how these discussions might inform your own long-term investment approach: - Interest Rates: The potential impact of expected Fed rate cuts on various sectors, including housing-related stocks and biotech funding. - Consumer Spending: An in-depth look at the diverging fortunes of consumer-facing companies, with a fascinating comparison between Herm s and Est e Lauder. - Artificial Intelligence: Beyond the hype - real-world applications, challenges, and the long-term investment perspective on AI's transformative potential. [A close up of a signDescription automatically generated]( We appreciate your interest in our Summit Series. Our goal is to provide thoughtful analysis on market trends, though we encourage investors to form their own opinions and consult with their financial advisors for personalized advice. We'll continue to release new episodes exploring various investment topics in the future. Meet Our Panel: Allen Bond, CFA - Managing Director, Head of Research & Portfolio Manager - Joined Jensen Investment Management in 2007. Allen is responsible for coordinating fundamental research conducted across the investment teams. Additionally, he maintains his portfolio management and analyst responsibilities. Allen joined Jensen from Washington Mutual where he held the position of credit analyst. In that role, Allen performed fundamental analysis on investment grade corporate bond issuers. Prior to Washington Mutual, he was a high-yield credit analyst and trader for Columbia Management Group. Allen began his career as a trader at Ferguson Wellman Capital Management. He earned a BS in business and an MBA from the University of Oregon. Allen is a CFA charterholder and a past president of CFA Society Portland. Tyra Pratt, CFA - Portfolio Manager- Joined Jensen Investment Management in 2017. Tyra serves as a portfolio manager for the Jensen Quality Value Strategy. Additionally, she conducts fundamental research for the Jensen Quality Growth Strategy. Tyra joined Jensen from CTC | myCFO where she held the position of hedge fund research analyst. In that role, she was involved in the sourcing, due diligence and monitoring of hedge funds. Tyra earned her BA in finance from Roger Williams University in Rhode Island and is a CFA charterholder. Jannis Fingberg, CFA - Business Analyst - Joined the firm in 2022. Jannis conducts fundamental investment research. He joined Jensen from Champlain Investment Partners LLC in Newport Beach, California, where he provided equity research as a technology analyst. Before Champlain, Jannis worked as an equity research analyst for Orbis Investment Management in Hong Kong, Bermuda, and London. He received his MBA from the Stanford Graduate School of Business, a BA (Hons.) from the University of Oxford, and studied his junior year abroad at Harvard College. He is a CFA charterholder and a member of CFA Society San Francisco. Thanks, as always, for listening and sharing! We welcome your feedback and questions. Email us at: [communications@jenseninvestments.com]( 2024 Jensen Investment Management. Financial Professionals use only DISCLOSURES Please [click here]( to view a list of the Jensen Quality Growth Strategy's current holdings. Please [click here]( to view a list of the Jensen Global Quality Growth Strategy's current holdings. Please[click here]( to view a list of the Jensen Quality Mid Cap Strategy's current holdings. The company discussions in this podcast are solely intended to illustrate the application of our investment approach and are not to be considered recommendations by Jensen. Some of the securities discussed in this podcast are taken from a representative account of the Jensen Quality Growth Strategy, Jensen Quality Mid Cap Strategy and/or the Jensen Global Quality Growth Strategy (collectively Jensen Strategies ) and do not represent all securities purchased and sold for the Strategies. Our views expressed herein are subject to change and should not be construed as recommendations or offers to buy or sell any security and are not designed or intended as a basis or determination for making any investment decision for any security. Our discussions should not be construed as an indication that an investment in a security has been or will be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of any security discussed herein. Past performance is no guarantee of future results. The information contained herein represents management s current expectation of how the Jensen Strategies will continue to be operated in the near term; however, management s plans and policies in this respect may change in the future. In particular, (i) policies and approaches to portfolio monitoring, risk management, and asset allocation may change in the future without notice and (ii) economic, market and other conditions could cause the strategy and accounts invested in the strategy to deviate from stated investment objectives, guidelines, and conclusions stated herein. Certain information contained in this podcast represents or is based upon forward-looking statements, which can be identified by the use of terminology such as may , will , should , expect , anticipate , target , project , estimate , intend , continue , or believe or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of a client account may differ materially from those reflected or contemplated in such forward-looking statements. This information is current as of the date of this podcast and is subject to change at any time, based on market and other conditions. Jensen Investment Management, Inc., is an investment adviser registered under the Investment Advisers Act of 1940.? Registration with the SEC does not imply any level of skill or training. Although taken from reliable sources, Jensen cannot guarantee the accuracy of the information received from third parties. 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